Scammers steal millions from FTX, BlockFi claimants

Customers of bankrupt crypto platform BlockFi have been targeted with a very convincing phishing email impersonating the platform, asking them to connect their wallet to complete the withdrawal of remaining funds. Judging by this Reddit thread, many ha… Continue reading Scammers steal millions from FTX, BlockFi claimants

What can we learn from the latest Coinbase cyberattack?

Cryptocurrency exchange Coinbase has fended off a cyberattack that might have been mounted by the same attackers that targeted Twillio, Cloudflare and many other companies last year. Leveraging smishing and vishing, the attackers tried to trick Coinbas… Continue reading What can we learn from the latest Coinbase cyberattack?

The best ways to safeguard crypto assets

The mainstream emergence of cryptocurrency, coupled with its popularity among cybercriminals, has created a potentially dangerous environment for those with significant crypto holdings. In this Help Net Security video, Nick Percoco, Chief Security Offi… Continue reading The best ways to safeguard crypto assets

Phishing campaign targets Coinbase wallet holders to steal cryptocurrency in real-time

In this video for Help Net Security, Nick Ascoli, VP of Threat Research, PIXM, discusses a multilayered phishing campaign targeting cryptocurrency exchange Coinbase. Attackers are sending out spoofed Coinbase emails to harvest personal credentials and … Continue reading Phishing campaign targets Coinbase wallet holders to steal cryptocurrency in real-time

Microsoft Office apps are vulnerable to IDN homograph attacks

Microsoft Office apps – including Outlook and Teams – are vulnerable to homograph attacks based on internationalized domain names (IDNs). In practice, this means that users hovering above a link in a phishing email, a Word or Excel document… Continue reading Microsoft Office apps are vulnerable to IDN homograph attacks

Financial leaders grappling with more aggressive and sophisticated attack methods

VMware released a report which takes the pulse of the financial industry’s top CISOs and security leaders on the changing behavior of cybercriminal cartels and the defensive shift of the financial sector. The report found that financial institutions ar… Continue reading Financial leaders grappling with more aggressive and sophisticated attack methods

U.S. Department of the Treasury announces set of actions to counter ransomware

As part of the whole-of-government effort to counter ransomware, the U.S. Department of the Treasury announced a set of actions focused on disrupting criminal networks and virtual currency exchanges responsible for laundering ransoms, encouraging impro… Continue reading U.S. Department of the Treasury announces set of actions to counter ransomware

Crypto exchanges and their customers must protect themselves as attacks continue

Within the past several years, cryptocurrency has gone from a niche hobby to a mainstream concern. Cryptocurrencies like Bitcoin, Ethereum, and even Dogecoin have generated widespread interest, particularly as their value has risen. This interest has p… Continue reading Crypto exchanges and their customers must protect themselves as attacks continue

Coinbit Seizure: Why New Cryptocurrency Exchanges Conduct Wash Trading  

On Aug. 26, the South Korean newspaper Seoul Shinmun published a report stating that 99% of transaction volume was faked through wash trading on Coinbit, one of the largest cryptocurrency exchanges in South Korea, between August 2019 to May 2020. Thou… Continue reading Coinbit Seizure: Why New Cryptocurrency Exchanges Conduct Wash Trading  

Hackers Steal $150 Million from Asian Cryptocurrency Exchange

KuCoin, a Singapore-based cryptocurrency exchange, has disclosed a security incident that resulted in the unauthorized transfer of roughly $150 million in digital assets. In a notice published last week, KuCoin notified clients that it detected suspici… Continue reading Hackers Steal $150 Million from Asian Cryptocurrency Exchange